In the social networking site’s first earnings report as a public company, revenue somewhat exceeded analysts’ expectations, but user growth was slight. The stock fell 10 percent.
The company reported net income of $7 million, or 1 cent a share, on sales of $12.8 billion. It was less profit than analysts had estimated, but the revenue was in line with forecasts.
A shortfall in revenue and a weak outlook sent the social game developer’s stock plunging by nearly 40 percent on Wednesday. The news was seen as boding ill for Facebook.
A Swedish government agency has registered as a bona fide religion a church whose central dogma is that file sharing is sacred.
About 20 advertisers are taking part in the social media app’s pilot program to test paid ads. The program echoes the Promoted Tweets terminology used by Twitter.
While Facebook has not promoted the storefronts that have popped up on its site, they provide a way for small businesses to sell and to communicate with consumers.
Dave Mazza, the engineer-in-chief for NBC Olympics, oversees the installation of the network’s control rooms and servers that will bring roughly 325 hours’ worth of video a day to the United States.
In its second-quarter financial report, AOL reported a 2 percent decline in revenue, the smallest fall in seven years.
An updated version of Proloquo2Go, a text-to-speech application, now uses actual children’s voices rather than modified adult voices.
The reductions amount to 6.6 percent of its global work force. At the same time, the telecommunications network equipment maker will try to increase the revenue it gets from licensing patents.
Apple sold 28 percent more iPhones last quarter than it did a year earlier, but the growth failed to meet the lofty expectations of analysts.
The mobile payments start-up, best known for its pint-size credit card reader, is close to raising roughly $200 million, which would give the company an implied valuation of $3.25 billion.
Some people who ordered tickets online for the London Games had to wait for hours to obtain them in person at a will call center.
The European antitrust chief said that any changes Google offered to settle concerns that it might be tilting Internet search results in its favor should be applied worldwide.
Data brokers, companies that collect consumer information and sell it, are being asked to give details about how they work, and that could lead to more regulation.
July 26, 2012
July 26, 2012
July 26, 2012
News from the Web,
annotated by our staff
Moving to downtown Chicago from the burbs has got to help Google's Motorola unit attract talent and think hipper. - Damon Darlin
Instagram says it's topped 80 million users. Over 4 billion photos shared. - David Gallagher
The director of Dark Knight Returns doesn't have a cellphone or an e-mail address. Wait, what? - Brian X. Chen
Finally! Somebody offers up alternatives to CAPTCHAs, including trivia questions. - Nicole Perlroth
Apple announces earnings and introduces Mountain Lion | Bringing children’s voices to apps | Online education goes to camp
Apple offers Mountain Lion, a new version of its OS X software for the Mac. With “over 200 new features,” it costs $20, but is it worth it?
While Yahoo is many things, it leads in media. To succeed, its new chief executive, Marissa Mayer, must come to grips with its sprawling array of content.
Within the bubble of Silicon Valley, everyday conversations can touch on private jets and billion-dollar deals. But if you look past the ostentation, truly magical work is taking place.
Sean Parker, a co-founder of Napster, bemoans the way so many entrepreneurs shift into investment instead of shooting for another big success of their own.
While consumers tend to think of Apple’s headquarters as the company’s heart and soul, a majority of its workers in the United States are hourly wage earners selling iPhones and MacBooks.
Market data provided by Reuters. Copyright 2008 Reuters.
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